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Two of the biggest global financial market players, and two of my favorite investors traders, are George Soros, and Jim Rogers. When they talk, I and many others like me listen very closely. These guys right or wrong have the ability to move markets with what they say, and what they do with the billions they invest.

As an add in note to this article, Bill Gross CIO of Pimco, the worlds largest bond firm, has made a statement today that the subprime crisis is far from over. I'm inclined to agree with him for a number of reasons.

Soros Forecasts 'Serious' US Economic Correction from CNBC.com

Billionaire investor George Soros forecast on Monday that the U.S. economy is "on the verge of a very serious economic correction" after decades of overspending.

"We have borrowed an awful lot of money and now the bill is coming to us," he said during a lecture at the New York University, also adding that the war on terror "has thrown America out of the rails."

Asked whether a recession was inevitable, Soros said: "I think we are definitely in for a slowdown that I think will be a bigger slowdown than (Fed Chairman Ben) Bernanke is seeing."

Famous for his speculative attack on the Bank of England that made him more than $1 billion, Soros declined to nominate which currencies are more vulnerable currently. He also declined to comment specifically on the dollar.

"I know exactly where the currencies are going to but I'm not going to tell that to you," he told the audience.

Last week, investment guru Jim Rogers, who co-founded the Quantum Fund with Soros in the 1970s, recommended selling the dollar as well as U.S. investment banks and U.S. housing stocks.

Soros said that, for now, China is the "absolute winner" in economic terms, and will continue to see its economy soaring during the next few years.

"Now it is going through this fantastic transformation but in 10 years time I think you may well have a financial crisis in China," he said.

Click here to review George Soro's famous books on investing, trading, and finance. Trading along side with George could very well make you wealthy.

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